First-time home buyers often wonder if reaching out to a bank or a mortgage broker is the best option for them. For a first-time home buyer, navigating the landscape of mortgage products can be a daunting task to say the least. You’ve got conventional vs. government insured, FHA, VA, USDA, Fixed, Adjustable, jumbo and the [...]Read More about Bank or broker: which is best for home buyers?
Getting approved for a mortgage loan is the first step toward the milestone of becoming a homeowner. It is also the beginning of a serious, long-term financial commitment. For many first-time homebuyers, getting approved on your individual finances or as a co-borrower is a difficult decision. According to data analysis released by Zillow, most of [...]Read More about Should I add a co-borrower to my mortgage application?
The down payment is the portion of your home's purchase price that is paid upfront by you at closing. Whether you're getting your loan from a bank or a non-bank mortgage company, lenders will look at this down payment amount as your equity investment in the home, and that amount plays a vital role in [...]Read More about Demystifying the mortgage down payment
The US Consumer Financial Protection Bureau (CFPB) has published a valuable guide, Your home loan toolkit: A step-by-step guide, to help homebuyers navigate the complexities of home buying process. We at Stem Lending are regulated by the CFPB and our respective state regulators. We are committed to help demystify the home buying process for first [...]Read More about Home Loan Toolkit